TDO

2.86%

6.8¢ 3d energi limited

Why the hard landing?, page-2

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378 Posts.

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11/11/15

10:35

Post #: 16368135
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Originally posted by dimma ↑

If you read the analyst report- It had a discovery at sealion at about 8c value- Read the australian article and it says not much can happen with the oil drilling- prospects too small and only had a small %.

In fact- the drilling was part of the hibiscus deal 16 months ago when oil price was up and they thought that buying the drill rig from TDO was a steal. Turns out they paid through the roof for an non-commercial asset- an obselete drill rig (which has halved in value)- and a prospect which has just proven to be non-commercial.

So Hibiscus has forked over nearly $80million for assets that would today not find a buyer- even for $1.

TDO has rolled the cash from that deal in to a gas permit(cost-$0)- shot seismic(and farmed down to beach) and have a prospect with 1.4TCF RECOVERABLE.

There looks like
-fantastic seal
-proximity to infrastructure
-shallow water(low drill cost)
-massive short term shortage on the east coast gas market- (articles galore-- DYOR)

means the majors will be at the door to drill ASAP.

Recovery of seismic costs-??
Free carried drill of well(s)??
CASH COMPONENTS??
Free carried on seismic to the south??

A good deal will value TDO's held prospect at 70-80M on the value of the deal-
150M on the potential of a discovery
400-600M on the good chance (gas prospects have higher strike rates than oil) of a discovery

Soooooooo....
TDO could be worth-
25c in 3 months
75c in 9 months
$2 in 12-18 months.....

And they are 4c........

Please DYOR- all of this information is on hand if you care to read the annual reports- the quarterly- and analyst/journalist articles.

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I agree totally in theory, but the difficulty is that TDO has a history of delays and disappointments, despite nominally excellent acerage and prospects...Pt

TDO Price at posting: 4.3¢ Sentiment: Buy Disclosure: Held
2 Upvote

0 Great analysis

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(20min delay)
Last 6.8¢		Change -0.002(2.86%)		Mkt cap ! $22.54M

Open	High	Low	Value	Volume
6.8¢	6.8¢	6.8¢	$4.427K	65.10K

Buyers (Bids)

No.	Vol.	Price($)
2	15427	6.8¢

Sellers (Offers)

Price($)	Vol.	No.
7.1¢	71428	1

View Market Depth

No.	Vol.	Price($)
2	15427	0.068
1	100000	0.066
1	46153	0.065
1	17884	0.062
2	166393	0.061

Price($)	Vol.	No.
0.071	71428	1
0.075	43266	2
0.077	339010	1
0.080	13513	1
0.085	6250	1

Last trade - 15.59pm 13/09/2024 (20 minute delay)

TDO (ASX) Chart

Why the hard landing?, page-2

Week 37 Wrap: HotCopper likes Cuban oil; markets shrug debate off for Putin; firebrand quant says social media a market threat

Mako sniffs gold at 170 g/t at Cote d’Ivoire's Napié play

Dale Gillham's weekly wrap: US fracking support boosts outlook for Australian gas stocks

Utah authorities sign off on Anson's lithium extraction plans at Green River

Medallion Metals kicking off 15,000m drill run at Ravensthorpe gold play

Vulcan appoints investment bank and M&A veteran to board

Metals Australia kicking off plant study at Lac Carheil; Canadian tariff tailwind potential

Olam Agri raises Namoi takeover offer to 75 cents a share and receives shareholder backing

Enova Mining unveils "high-grade" REE drill hits at Coda North, Brazil

Antipa divests its Citadel interest to JV partner Rio for A$17M, refocuses on Minyari Dome

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Why the hard landing?, page-2

Top Stories

Week 37 Wrap: HotCopper likes Cuban oil; markets shrug debate off for Putin; firebrand quant says social media a market threat

Mako sniffs gold at 170 g/t at Cote d’Ivoire's Napié play

Dale Gillham's weekly wrap: US fracking support boosts outlook for Australian gas stocks

Utah authorities sign off on Anson's lithium extraction plans at Green River

Medallion Metals kicking off 15,000m drill run at Ravensthorpe gold play

Vulcan appoints investment bank and M&A veteran to board

Metals Australia kicking off plant study at Lac Carheil; Canadian tariff tailwind potential

Olam Agri raises Namoi takeover offer to 75 cents a share and receives shareholder backing

Enova Mining unveils "high-grade" REE drill hits at Coda North, Brazil

Antipa divests its Citadel interest to JV partner Rio for A$17M, refocuses on Minyari Dome

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News